NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HO WAH GENTING BERHAD ("HWGB" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 34,241,766 NEW ORDINARY SHARES OF HWGB ("HWGB SHARE(S)" OR "SHARE(S)") REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF HWGB ("PRIVATE PLACEMENT")

HO WAH GENTING BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
HO WAH GENTING BERHAD ("HWGB" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 34,241,766 NEW ORDINARY SHARES OF HWGB ("HWGB SHARE(S)" OR "SHARE(S)") REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF HWGB ("PRIVATE PLACEMENT")

Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in HWGB’s announcements dated 4 January 2019, 16 January 2019, 17 January 2019, 7 March 2019 and 15 March 2019 in relation to the Private Placement (“Announcements”).

 

On behalf of the Board, Kenanga IB wishes to announce that the Private Placement has been completed following the listing of and quotation for 32,460,000 Placement Shares on the Main Market of Bursa Securities on 18 March 2019. The 32,460,000 Placement Shares were placed out at an issue price of RM0.09 per Placement Share, raising a total of RM2,921,400 for the Company.

 

This announcement is dated 18 March 2019.






Announcement Info

Company Name HO WAH GENTING BERHAD
Stock Name HWGB
Date Announced 18 Mar 2019
Category General Announcement for PLC
Reference Number GA1-18032019-00031